Alan Collins
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Alan Collins's blog post was featured

USDCAD - Tracking positive Keltner channel towards 1.1674/95

An aggressive sell-off in late trading proved temporary yesterday with the bounce taking prices back near to opening levels. This rally keeps USDCAD close to the upper band of a rising Keltner channel and although an almost unchanged close reflects uncertainty intraday momentum and strength indicators are positive targeting 1.1655, 1.1674 and 1.1695.…See More
Thursday
Alan Collins posted a blog post

USDCAD - Tracking positive Keltner channel towards 1.1674/95

An aggressive sell-off in late trading proved temporary yesterday with the bounce taking prices back near to opening levels. This rally keeps USDCAD close to the upper band of a rising Keltner channel and although an almost unchanged close reflects uncertainty intraday momentum and strength indicators are positive targeting 1.1655, 1.1674 and 1.1695.…See More
Thursday
Alan Collins commented on Alan Collins's blog post USDCHF - Key average caps - Bearish Engulfing background targets .9595
"First objective at .9618 met. Oversold extremes are a concern but there is still scope to .9595."
Tuesday
Alan Collins's 2 blog posts were featured
Tuesday
Alan Collins posted blog posts
Tuesday
Alan Collins posted a blog post

EURGBP - Capped by key Average - .7832 targeted

Overturning the preceding week's improvement selling interest returned to EURGBP last week. 3 week lows were posted last Wednesday but almost half of the initial downside was regained the following day. This volatility means signals for sentiment cannot be clear but with the market consolidating below the 13 day moving average and the daily Ichimoku Cloud the focus is on the downside targeting .7832 and .7799.…See More
Dec 8
Alan Collins commented on Alan Collins's blog post EURUSD - Key average caps - 1.2332 targeted
"First target of 1.2332 met. Focus remains towards 1.2289"
Dec 3
Alan Collins posted a blog post

EURUSD - Key average caps - 1.2332 targeted

Against a background of bearish signals for sentiment for this week, the capping of the topside at the 13 day moving average proved important. Using that point as a cap, yesterday saw renewed selling pressure. Steady downside resulted and even though last week's low went untested and prices are approaching oversold extremes, the decline leaves sentiment negative targeting 1.2332 and 1.2289.…See More
Dec 3
Alan Collins's blog post was featured

EURGBP - Capped by average and Marabuzo line

This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…See More
Nov 28
Alan Collins posted a blog post

EURGBP - Capped by average and Marabuzo line

This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…See More
Nov 28
Alan Collins's blog post was featured

GBPUSD - Through key average - Immediate potential to 1.5849

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…See More
Nov 27
Alan Collins posted a blog post

GBPUSD - Through key average - Immediate potential to 1.5849

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…See More
Nov 27
Alan Collins posted a blog post

USDCAD- Setback to deepen this week

The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…See More
Nov 24
Alan Collins posted a blog post

EURUSD - 13 day moving average to platform gains.

For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…See More
Nov 21
Alan Collins posted a blog post

GBPUSD - Channel remains negative, targeting 1.5573

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.See More
Nov 19
Alan Collins's blog post was featured

GBPCHF - Temporary bounce has further to run

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…See More
Nov 18

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

USDCAD - Tracking positive Keltner channel towards 1.1674/95

Posted on December 18, 2014 at 6:59am 1 Comment

An aggressive sell-off in late trading proved temporary yesterday with the bounce taking prices back near to opening levels. This rally keeps USDCAD close to the upper band of a rising Keltner channel and although an almost unchanged close reflects uncertainty intraday momentum and strength indicators are positive targeting 1.1655, 1.1674 and 1.1695.…

Continue

USDCHF - Key average caps - Bearish Engulfing background targets .9595

Posted on December 16, 2014 at 6:56am 1 Comment

There was limited net movement yesterday in USDCHF with both initial highs and subsequent lows rejected. But the failure to rally through the key 13 day moving average coupled with last week's Bearish Engulfing pattern keeps sentiment negative with potential to .9618 and .9595.…

Continue

USDCAD - Keltner channels to lead USDCAD higher this week

Posted on December 15, 2014 at 7:34am 1 Comment

The previous week's rejection of the lows extended last week. 4 of the last 5 days posted positive performances with the 13 day moving average supporting. This latest upside took USDCAD to the top of both daily & weekly Keltner channels, momentum is bullish and strength indicators positive and so although signals for sentiment are overbought there is no sign yet of anything other than temporary and limited profit taking and we look for gains to develop further with potential to 1.1628…

Continue

EURGBP - Capped by key Average - .7832 targeted

Posted on December 8, 2014 at 8:17am 0 Comments

Overturning the preceding week's improvement selling interest returned to EURGBP last week. 3 week lows were posted last Wednesday but almost half of the initial downside was regained the following day. This volatility means signals for sentiment cannot be clear but with the market consolidating below the 13 day moving average and the daily Ichimoku Cloud the focus is on the downside targeting .7832 and .7799.…

Continue

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